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Question: managerial economics 1st quiz questions 1 why do we all...

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managerial economics 1st quiz questions 1) why do we all face choices in life? 2) wouldn't it make more sense to make our own clothes and grow our own food? explain 3) what is meant by thinking at the margins? 4) is communism the same as socialism? 5) does the us have pure capitalism? explain 6) what is meant by fiat money?

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